News bites: Fed chief sweepstakes heats up

Pressure on the White House to choose Yellen, meanwhile, has ticked off Obama administration officials, according to The Wall Street Journal. 

Whoever gets the job will find themselves with unprecedented regulatory authority, RegWatch reports.

The Obama administration is pressing forward with a plan to increase Internet access in schools — without help from the divided Congress, according to The Washington Post.

{mosads}“ConnectEd, which seeks to provide high-speed Internet service to 99 percent of schools within five years, is a case study in how Obama is trying to accomplish a second-term legacy despite Republican opposition in Congress,” the Post’s Zachary A. Goldfarb reports.

More from RegWatch:

Sen. John McCain (R-Ariz.) urged the Fish and Wildlife Service to get hunters to use lead-free ammunition in an effort to protect condors in the wild.

Consumer groups demanded stricter rules for the Obama administration’s program to provide low-cost phone service to the poor.

House Financial Services Chairman Jeb Hensarling (R-Texas) said the Dodd-Frank Wall Street reform law is hampering the housing market.

The Commodity Futures Trading Commission streamlined its registration regulations to harmonize requirements with the Securities and Exchange Commission.

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